Industry News

Lynn Elsenhans is the first woman to lead a major oil company as CEO of Sunoco. This Forbes magazine Most Powerful Woman earns approximately USD 4.88 million per year. A Rice University graduate with a BA in Applied Science, Elsenhans also attended Harvard Business School for her MBA.

GE Energy has announced that it has acquired Converteam for USD 3.2 billion. As part of the growing trend of electrification in the oil and gas industry, its technologies are used to drive mission critical customer equipment in the production and transportation of hydrocarbons, said GE in the announcement.

Eagle Rock Energy Partners L.P. has announced its intention to install a recently acquired 60MMcf/d cryogenic processing facility in Hemphill County, Texas, in the heart of the prolific Granite Wash play. Eagle Rock expects

Petrobras' CFO and Investor Relations officer, Almir Guilherme Barbassa, was named the 2010 CFO of the Year in Brazil, in the Expansion category by Latin Trade, a pan-regional business publication in Latin America and the Caribbean.

El Paso Electric Co will utilize GE aeroderivative gas turbine technology to expand its Rio Grande power plant in Sunland Park, New Mexico. GE will provide an 88 MW LMS100PA aeroderivative gas turbine which will run on natural gas

Tyco International Ltd has reached an agreement to acquire privately-held Chemguard Inc., a provider of firefighting foam concentrates and equipment, foam systems, services and specialty chemicals. Chemguard will be integrated into Tyco's Fire

Curtiss-Wright Corp has signed a contract with Progress Energy to provide a safety-related Inadequate Core Cooling Mitigation System (ICCMS) to support the extended power uprate at the utility's Crystal River Unit 3 nuclear power plant in Florida. The new protection system uses only analog technology to perform safety functions, while providing modern computer-based online performance monitoring through an isolated, non-safety monitor. This combination of analog and digital technologies is designed to simplify the licensing process and reduce cyber-security concerns because no software is used to perform the safety-related functions of the system. Curtiss-Wright's Flow Control segment will build the new system at its Idaho Falls, ID facility.

CRANE Energy Flow Solutions® recently announced the new location of its head office in The Woodlands, Texas.  The new 20,000 sq/ft space will accommodate nearly 100 employees.

The Valve World Conference and Expo Americas 2011 which took place two weeks ago was a real success for both conference attendees and exhibitors.

NIBCO Inc. has announced that it has appointed Mark Hamilton as vice president, sales and marketing reporting to Steve Malm, president and chief operating officer. Mr Hamilton has more than 23 years experience